Flagstar Direct Raises Money Market Account Rate

post — Admin @ 5:37 am — post Comments (0)
postJanuary 9, 2010

The money market rate is now 1.06% APY for balances under $100K (was 0.50%). Perhaps too many depositors had pulled their money. Flagstar also added a new tier (1.25% APY for $100K+). They also raised some CD rates. Note how close these rates are to the FDIC rate caps. Coincidence?

Refer to my Flagstar Direct review for more details.

Tags: Flagstar Bank, money market accounts, rate changes

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